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of raising taxes in the face of the fiscal cliff. >>> courageous until the end. a former mayor in mexico who fearlessly stood up to the drug cartels found murdered. >>> and face-to-face behind closed doors today, u.n. ambassador susan rice takes on one of her sharpest critics, senator john mccain, over her actions after the benghazi attack. good morning and welcome to "early start," i'm deborah feyerick in for john berman. >> really nice to have you. >> i'm so glad to be here. >> i'm zoraida sambolin. it's 5:00 a.m. in the east. first, congress back to work, and back to bickering. in just under 35 days, america hits the fiscal cliff. that triggers severe spending cuts and tax hikes. several top republicans are now defying party politics and signaling a willingness to consider increasing tax revenues to get a budget deal done. but when the lame duck senate got back in session yesterday it sure sounded like the same old broken record. >> the senate has spoken. president obama has spoken. he's promising he will not sign any bill that mortgages our future to pay for handouts to the wealthiest 2%
of the so called "fiscal cliff" negotiations. today we are focusing on the bush-era income taxes. we're having a roundtable discussion in our last hour from a democratic and republican perspective on that. so stay with us. madeleine in thousand oaks, california, republican. caller: i am the wye fire the teacher. i feel i am an independent republican. -- i am the wife of a teacher. in california we feel we have too many administrators. the teachers need time to get further education and that should be demanded. there are teachers who should not be there. but there are parents who are very aggressive who come to school and have come on the playground and have hit the teachers. the teachers have insurance if something happens. one student came to school with her mother is underpants. it's not only the military that get tempted, but teachers get tempted also. host: we have a line set aside for educators this morning. we want to hear from them as well as we continue this discussion on how you would fix your school system. yesterday in washington recovered an event with florida governor je
this morning. congress is back in session, and just in time, we are now 35 days away from the fiscal cliff. >> a big day in the middle east. today both israel and gaza meet to further the cease-fire between the two embattled nations. we're going to have a live report coming up for you. >> gray thursday, black friday, and now cyber monday. but just how good are the deals today, compared to what was put out this past holiday weekend? we're going to break it all down for you. >> did you do any shopping? >> absolutely not. there's too much football. >> don't you love it? >> good morning. welcome to "early start," i'm john berman. >> and i'm zoraida sambolin. 5:00 a.m. in the east. so let's get started. they are back. our lame duck congress returning to capitol hill today. the senate in session this afternoon. the house back tomorrow. and with 35 days left, as john just reminded us, before we plunge down the fiscal cliff, two prominent republican senators, lindsey graham and saxby chambliss are signaling they are willing to give a break the no tax pledge. that is a hopeful sign, folks, because
in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree that changes in social security and medicare. >> i
a single share of stock even if he was guaranteed the u.s. goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in terms of what we've seen in this market. look how excited he is. and they finally got it done. it's been one as you pointed out that was around in 2011. they couldn't get it done. that is conagra. they walked away. ralcorp stock price fell dramatically. they split the post cereal division from ralcorp. the two trade separately. so you did have a company here that perhaps became a little more -- i wouldn't say vulnerable. not as if they were committed to selling. the board composition changed. you have had activist shareholder get on there. that was very
to tackle the tough fiscal cliff and make decisions about taxes, spending, and budget cuts. states are looking at how they can be affected. a question for you this morning, whether states should have a say in budget talks. here are the numbers to call. if you can also find us online. here is the headline in "the new york times." the pew center has a new study out called "the impact on the fiscal cliff on states." here is what it says. we would do more into these and how they will specifically affect states on an individual basis. there is a question on whether the fiscal cliff would hurt. it says -- our question for you this morning is whether the states should have a stake of in negotiations. looking more in the story "the new york times." it says -- some of the benefits states could receive, nobody is retained that president obama and republicans in congress will fail to reach an accord because they feel -- they fear that the resulting combination of spending cuts and tax increases could prompt another recession, which their states can ill afford. let's go to houston, texas and h
they are republicans. then theyou have republicans. i don't see how we can survive this fiscal cliff if john boehner does not follow the lead of the president. he said a couple days ago we have to put obamacare in a position to and take some cuts from it. that's crazy. john boehner and mitch mcconnell and all of them have given the president a hard time. that's why we voted for these people and they are supposed to do our bidding, because people are hurting. host: let's take it to the state level in a carolina, state legislature, republican governor, republican. what are the big ticket items they will start working on? caller: i don't think the governor knows himself. he claimed that he will bring relief to the state. i don't see how he's going to do it. they are going to cut a lot of social programs that they call wasteful spending. people are going to really see what he's made of. what is your name again? host: what is that? caller: pope was the one along with the koch brothers that got it mccory into office. they are bought and paid for. they don't do the people -- everybody needs to be represent
busy over the weekend. talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine. but h
cautious, concerned about the economy and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013 and they want to remain cautious as we move forward into the next year. >> kristen dahlgren reporting. congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed, to oppose tax increases of any kind. that once solid wall was showing cracks. >>> the pledge you saw 18 years ago, 20 years ago was for that congress. the world has changed and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree to
's good. thank you for that, dylan. >>> let's go to front-page politics. the fiscal cliff negotiations are set to take place this week. in washington today, we heard both sides staking out their positions. here's democratic senator carl levin on "meet the press." >> the key is whether the republicans will move away from the rigid position which has been the grover norquist pledge that they signed that they will not go away for additional revenues. >> the gop rejecting the decade-old pledge. here's what norquist said about cham bliss. >> the commitment that he made to the people of georgia was not to me. it was to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser so we don't have to reform government, he needs to have that conversation with the people of georgia. >>> >> and new today, congressman peter king on the controversy. >> i agree with chambliss. if i were in congress in 1941, i would have signed al declaration of war against japan. i'm not going to d
-called fiscal cliff. >>> one of the most recognizable voices in hollywood lends his voice to a pro-same-sex marriage ad. >> freedom, justice and human dignity have always guided our journey toward a more perfect union. now across our country, we are standing together for the right of gay and lesbian americans. >> morgan freeman pointing out why he's behind what voters in three states did on election day. >>> and your $2 could be worth 425 million bucks. power ball reaching a new record. let's dream the dream together, shall we? shall we? "newsroom" starts now. -- captions by vitac -- www.vitac.com >>> good morning to you. thank you so much for being with me on this monday morning. i'm carol costello. we begin with the so-called fiscal cliff. 36 days from the crisis. new signs of just how concerned lawmakers really are. more republican lawmakers now say they will work toward a compromise, even if they have to break a promise not to raise taxes. that promise, that pledge, the brain child of anti-tax activist grover norquist, a long-time power broker in the gop. but the vote faced its
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areas of bipartisan agreement on the fiscal cliff. "the wall street journal" reporter discusses -- host: welcome to "washington journal." of the senate host: an increase in payroll taxes and the scheduled spending cuts across the board. a couple republicans yesterday signaled they could be flexible on the anti-tax pledge that they signed if it gets them closer to a deal with the white house. what is your reaction? here are the numbers to call. you can also find us online. send us a tweet or join us on facebook. you can also e-mail us. here's "usa today" looking at what happened on the sunday talk shows. it says -- the south carolina senator became the second republican senator in recent days to back away from a no tax pledge devised in the decades ago. the willingness to break ranks could prove crucial as gop leaders and democrats try to reach a deal before taxing and spending changes take effect in january. new york representative king says economic conditions have changed since the anti-tax pledge first emerged. he's a republican. that thee gop's say fiscal cliff deal is what
-called fiscal cliff, and they're not holding back. elizabeth macdonald is with the fox business network. okay, liz, so who are these corporations, and what exactly are they saying? >> good to be with you, arthel. it's walmart, cvs and wall greens. walmart or is basically saying, look, customers don't need the uncertainty over tax increases, and let's get to cvs caremark because these two drug store chains are basically making rare public policy statements that we've never seen before from these companies. they're urging washington to avoid the fiscal cliff. cvs caremark is essentially saying, look, our customers are hard working american families, they make decisions on the budget. they've been faced with, basically, persistent high unemployment, fragile economic growth, and they want to know that d.c. is working on their behalf. so and that was also the same sentiment that you heard out of walgreens. walgreens also saying, basically, the health of the u.s. economy, the recovery and american families depends on a consensus agreement in washington, d.c. to avoid the fiscal cliff, and walgreens
that would avoid that potentially devastating fiscal cliff that is looming over the u.s. economy right now. the president is meeting with small business owners at the white house today. he had a series of meetings with different business leaders over the last week. despite the warnings that the talks are stalling on capitol hill stuart varney joins me now, host of "varney & company" on fox business network. >> good morning, martha. bill:. martha: what are you hearing how this is going? >> it is impasse basically. the republicans said yesterday they accommodated the democrats they will agree to get more money from wealthy people from higher taxes but mitch mcconnell, senate republican leader, he says there has been no similar compromise from the democrats or the president. he says they are still holding out for higher tax rates on the rich and he says the radical left is prescenting the democrats and president and agreeing to serious reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion.
return to capitol hill tomorrow to try to work on a deal to avoid that fiscal cliff you've heard about a time or two. >> clayton: yeah, peter doocy live in washington this morning with the latest on where these negotiations stand and we can expect, i guess, tomorrow, peter, they get back to work after thanksgiving? >> reporter: that's right, clayton, so far just one meeting we know about the small, but bipartisan group of lawmakers trying to speteer the country away from the fiscal cliff and represent their parties. right after the bat after the first meeting speaker boehner told us he's ready to agree to new revenue in a deal, but the deal needs to be balanced. >> to show to your seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue that revenue on the table. it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> democrats, obviously, control the white house and the senate, but they still need the republican-le
obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll here from representative gregory meeks this morning as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore iypÑarlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to start there. we have "new york times" columnist dav
. they are at the heart of the negotiations over the fiscal cliff. democrats want to raise them for the wealthy. republicans say no. >> now one leading republican may be breaking ranks. georgia senator saxby chambliss now says a no tax pledge signed by most republicans is standing in the way of getting a deal done. >> times have changed significantly. i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got figure out a way to pay it. >> specifically, chambliss was talking about grover norquist and his group americans for tax reform. they put out that no tax pledge. norquist talked about it on cnn's situation room". >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> there are 38 days left till we reach the fiscal cliff
of the fiscal cliff. i don't know whether we can count on them to do it or not, but they're working on it. and we have the whole team reassembles here today. peter ogburn. >> hey. >> bill: good to you see. dan henning has been here. >> i been here man. >> bill: checking in on the phones and siprion bolling been here the whole time either. i was in turkey in istanbul. a great, great city. >> i'm going to make the obvious joke that you went to turkey for turkey. >> bill: yes. no turkey. i saw one turkey in the market in a poultry shop in the spice market, a dead turkey so they do exist. but it is a fabulous beautiful, beautiful, city. i have no idea what went on. >> yeah, if you are going to go out of the country like that just clock off. >> bill: well, believe me that's what we family cup finals last night. [ technical difficulties ] >> bill: kongman, jesse jackson, jr. has retired. john stanton will be with us. great lineup today, but first. >> some of the headlines making news on this monday. president obama and his daughter went out on saturday to a block store in arlington, v
-called fiscal cliff. state hoyce are joining law makers pushing for 18.4 percent tax hike. the tax last raised in 1993. hundreds of our nation's heros getting a warm welcome home in new jersey. vol tierce greeted the soldiers and served them a traditional turkey dinner with all of the trimmings. >> motorcycle is coming and all . people that greeted us was a wonderful experience. nbest thing i had seen in years. >> and this speed and truth event is held every year. >> that is your five on five. nthis morning, israel arrested the person behind wednesday's bomb blast on a bus in tel-aviv while the cease fire between israel and hamas is holding up. peter doocy has more in washington. >> good morning, patty. twen people - 27 people were injured when the bus exploded and an an arab-israeli is in custody for planting the bomb. pam pal militants with ties to hamas and other islamic jihadist in tel-aviv to plant the bomb and call would the handlers it was in place and they dialed a mobile phone that triggered the blast. the man admitted to carrying out the terrorist attack and now we'll wait and see if
coburn about the fiscal cliff, affordable care act and the future of the republican party on book tv's "in depth." the senator has written several books and reports including the latest, "debt bomb." join us with your calls, emails, tweets for senator tom coburn live sunday at noon eastern on book tv's "in depth" on c-span2. >> and over at the white house today, the president's resolving with fiscal cliff issues, he's meeting with business owners. the president and vice president will visit with the president-elect of mexico, enrique pena nieto. u.s. house coming in momentarily. back from the thanksgiving break. they'll come in for short speeches in just a moment. later this afternoon they'll begin work on five bills one of which would require the department of homeland security to report annually on border security and illegal immigrants. votes at 6:30 this evening. later this week they'll be working on a proposal for a new visa proposal for foreign students, foreign college students taking advanced degrees in science, engineering and math. off the floor this week democrats will ele
and myself who are worried about the so-called fiscal cliff. lawmakers are returning to work in washington and they have just 37 days i believe it is now. there you can see. it's a daunting task if president obama and congress fail to reach a tax deal because that will mean huge tax increases and spending cuts would automatically kick in january 1st. today several key republicans backed away from a pledge banning tax hikes including senator lindsey graham and congressman peter king. are we inching closer to some potential compromise. athena joan has been following the fiscal cliff negotiations. >> martin, with congress returning this weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are wondering if this week will prove a turning point for republicans and democrats. members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must ge
's bring it back home, and the fiscal cliff talks that are going to begin this week. as chairman of the armed services committee, of course, all of these defense jobs that are imperiled by what's called sequestration, meaning automatic spending cuts, half of which would come from defense, you're talking about $50 billion a year starting in january for 10 years unless this deal is averted. by the deal, i mean the automatic cuts that were agreed to to raise the debt ceiling before. if i have a defense job, how worried should i be? >> well, i think you should be worried if you have a defense job, but we all ought to be worried whether we are dependent upon other aspects of the federal budget. whether you're worried about the regulation of our food safety, whether you're worried about our borders being secure, whether we're worried about the fbi being supported. it's all affected by sequestration. the key here is whether or not the republicans will move away from the ideologically rigid position, which has been the grover norquist pledge, which most of them signed, that they will not
? 35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house this morning. dan, good morning. senate goes back to work this afternoon. the house will return tomorrow. what could really be done by lame duck congress? >> well, look, the hope is that there will be some kind of compromise here, because as you pointed out most americans believe that if there is no agreement there really could be a crisis here. so you are seeing some softening from republicans who took that no tax pledge back to 1986. first it was saxby chambliss. now south carolina republican senator lindsey graham. take a listen. >> when you're $16 trillion in debt, the only pledge we sh
all, he's trying to reach a bipartisan deal to avoid the fiscal cliff? >> right. look, i would be surprised if the president put her forward given everything that we've seen. there were one or two scenarios, right? either she was, this was a tryout for her and she failed, or it was the case that they sent her out on purpose as the president suggested when he said they sent out susan rice who, quote, had nothing to do with benghazi. gregg: right. >> they sent her out on purpose to basically do little other than to mouth administration talking points. in either case, she comes out of those five appearances looking like she doesn't know what she was talking about in the best case scenario, or she was being dishonest in the worst case scenario. gregg: but, steve, look, here's the deal, do republicans really want this fight over secretary of state? time magazine made the following point, we'll put it up on the screen: gregg: the optics favor the white house. >> look, who cares about the optics? if she went out and told a story which wasn't true, which everybody now can see, you have
that should be pursued in context of the fiscal cliff. the train is rolling and i think it's nice to see even some republicans now eventually realizing that taxes in particular tax fairness, does need to be a substantial part of this fiscal debate. >> but you just skated around my question, which is that if you're going to have real tax reform, almost every economist says the middle class is going to pay more, too. how are democrats going to handle that? >> i think the first thing you need to do is make sure the higher income households pay their share. comprehensive tax reform, where we can broaden the base and make sure we are both getting the revenue we need, but at the same time, the progressiveivity we need to make sure the middle class are still strong. the first step, the last decade, average family is not getting any type of raise when adjusted for inflation and you've seen the income of the highest income americans skyrocket. so the first thing we need to do is solve that problem, then we can have a broader conversation. >> everybody in the world will vote for a tax for the other guy
two opposing views on how to avert the so-called fiscal cliff from representatives tom price and keith ellison. >> brown: then, president obama sat down with mexico's president-elect, enrique pena nieto, this afternoon. one topic for them and for us tonight: the war on drugs, on both sides of the border. >> suarez: as lawmakers talk of reducing the country's debt, paul solman offers a history lesson on centuries of federal borrowing. >> the united states was going into default. we defaulted on many obligations to foreign creditors and to our own soldiers. >> brown: plus, every month, 1,000 young americans are infected with h.i.v., and most of those with the disease don't even know they have it. hari sreenivasan looks at a new report from the c.d.c. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoi
at the fiscal cliff, there's a lot of bad policy, particularly on the side of the bush tax cuts. particularly for those on the higher end that cost a lot of money, that don't provide a will the of benefit to the economy. when tackling the fiscal cliff, we should ask ourselves, which are the most ineffective things. >> keep thinking, guys, that down the line here, the chorus over and over is going to be we all pay more and all get less. thanks for being here. we appreciate it. >>> thousands of people paid a lot to do cramming into stores everywhere. you might even be watching this on a new tv, but retailers needed more than hype. they needed red hot cash registers on this black friday. we'll tell you how sales added up today because a lot of jobs are counting on it. in just a few weeks after mitt romney's defeat, the gop is already looking forward to 2016. say it ain't so and there's another bush on the horizon. plus, we're following news of a massive gas explosion in massachusetts. take a look. we'll have details just ahead. 1, there's big news. presenting androgel 1.62%. both are used to tre
. >> this weekend talk with oklahoma senator tom coburn about the fiscal cliff, the affordable care act and the future of the republican party on "book tv"'s in depth. the senator written several books and reports including the latest, the debt bomb. join the conversation with calls, e-mails and tweets comements and for doctor, senator tom coy burn. sunday noon eastern on "book tv"'s in depth on c-span2. >>> up next, for-profit practitioners discuss the role of private enterprise in public education. they lose also look at the obama administration approach to education reform. that was hosted yesterday at the american enterprise institute in washington. it is 90 minutes. >> hi. welcome, thanks for joining us. whether you're here at home, hope everybody had a terrific thanksgiving. i know that we're just getting back and, so the energy level is probably going to be, mellow, which we'll make that work for us, since we're going to talk about what sometimes is contentious subject. today's panel is on the question of for-profits and federal education policy. this is a topic that we ad aei ha
. >> the gop post election fallout continues on a couple fronts. >> the fiscal cliff is getting shorter and shorter. >> voters agreed with me on this issue. >> more than congressional republicans. >> we don't understand. >> americans didn't vote for dysfunction. >> the voters agreed with me on this issue. >> they voted for government that works. >> we don't understand why raising tax rates is the solution. >> can party leaders get a deal? >> impossible. >> all this talk about taxing the rich is nonsense. >> grover norquist. >> you speak of grover norquist. >> he's an entertaining warrior. >> pledge mentality is really on the run right now. >> speaker boehner clearly wants a deal. >> he can't have one arm tied behind his back. >> the top 1%, only 42% of the wealth. >> 48.5 million people lived below the poverty level. >> we should ask the wealthy to start paying their fair share. >> the american sense of fairness, no one should pay more than 25%. >> today's republican party has imploded. >> they are in denial. >> they are looking for someone to blame. >> grover is no longer speaking for
concerns as, do, frankly most c.e.o.'s. should we tumble over the fiscal cliff, the concerns are the impact that will have first and for most on the consumer. i saw it could take $200 billion out of the consumer evidence that is bad. taxes will be jacked up and membership less and a bunch of bad second --. >>neil: what if it is a deal it is disproportional tax hikes. >>guest: the question would, whose income is affected? who is seeing the faction hikes? are those the people that are spending money on day-to-day stuff? >>neil: so, a hike on the well to do would have less impact, is limited to the well-to-do than everyone, right? >>guest: for most consumer facing companies, they would say, yes, that is probably true. the effect that has on the long term in terms of capital formation is different, but if you are asking, short, short-term, macroeconomic effect, that is what is first and foremost and the other thing is our health care system is broken. >>neil: in your business that is more paramount. >>guest: we fowl we can be part of the solution to that because things like obesity are signific
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? >> a lot to resolve at that hearing. >>> we're counting down to the fiscal cliff. over a month to go before everyone's taxes go up. both sides set to meet with business leaders this week. the company will take his campaign on the road, too, as more republicans appear willing to bend on their no new taxes pledge. jon karl is in washington. even though the president has been calling congressional leaders, they haven't made enough progress for another face-to-face negotiation. >> reporter: there's no face-to-face meeting even scheduled now between the president and congressional leaders. but i can tell you that high-level talks with staff are intensifying, with time running out. and republicans are expressing a newfound willingness to compromise on that long-standing republican pledge never to raise taxes. >> the pledge was designed -- >> reporter: meet the anti-tax enforcer. the man behind the pledge. grover norquist. >> republicans who vote for a tax increase are rat heads in a coke bottle. they damage the brand for everyone else. >> reporter: ronald reagan was part of the first pledge. and
didn't talk about is the fiscal cliff if that comes that's more than $650 billion in tax increases combined with spending cuts that would send us back into a recession. many fear we would become europe in a matter of speaking. >> here is the interesting part, i think, pete dupont concludes that he says that this recent election proves that the country has become more liberal. that's how he interprets what happened in the most recent election. we would love to hear from you if that's your take away from it. he thinks we are headed in the path of europe and become more liberal. there are many other explanations we have heard since election night. maybe people just the incouple bent always holds an advantage. maybe people don't like change. who knows. but that's his theory is that the country has just become more liberal. >> let us know what you think. friends@foxnews.com email address or find us on twitter ff weekend. don't forget our great facebook page also. if you are a facebooker go there as well. here. >> here are your headlines. police are searching for a man accused of walking
tells a georgia tv station he's considering breaking the promise in order to avoid the so-called fiscal cliff. >>> and they are not the only ones trying to avoid the cliff. many major league baseball free agents are trying to get their money up front in 2012 to avoid tax increases. >>> well, the idea of selling designer merchandise on president obama's campaign website was mocked by some but the campaign is having the last laugh. bloomberg businessweek reports the idea by vogue editor anna wi wintor brought in more than $40 million. >>> meantime, the obama campaign is still fuming over some of the polls that got it wrong leading up to election day. the editor in chief for gallop whiched so mitt romney with a bigger lead admits gallup might have overestimated the get-out-the-oat efforts. >>> it's time for a geography quiz. put on your thinking caps. what is the name of this country? all right. if you said mexico, then you were wrong. our neighbors to the south actually go by the official title estados unidos mexicanos which is translated the united mexican states. but felipe calderon is
you. >>> to politics now and taxes. they are at the heart of the negotiations over the fiscal cliff. and now georgia senator saxby chambliss says a no tax pledge signed by most republicans is standing in the way of getting that deal done. >> times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got to figure out a way to pay it. >> that pledge was written by grover norquist and his group americans for tax reform. norquist talked about this on cnn's "the situation room." >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> we've got 38 days before we go over that cliff. if there's no deal before the end of the year, taxes will go up for every american. >>> amid fears the ce
a way to avoid that so called fiscal cliff that could raise your taxes and throw the economy back into recession. kristen welker is in our washington bureau. good morning. >> reporter: president obama is also facing a number of challenges overseas, as you say, from the unrest in the middle east to the continuing fallout over the attack on the u.s. consulate in benghazi. but the fiscal cliff looms large. president obama returning from a post-thanksgiving round of golf, but off the links, the clock is ticking. lawmakers need to hammer out a deal to prevent the so called fiscal cliff. deep spending cuts and tax hikes set to take effect next year. >> i think we're all aware that we have some urgent business to do. >> reporter: after a meeting at the white house last week, congressional leaders struck a rare tone of bipartisanship. >> we had a very constructive meeting with the president. >> we feel very comfortable with each other. >> reporter: but a major sticking point remains -- taxes. president obama wants to let the bush era tax cuts expire for the wealthiest americans. many repu
and counting. will america go over the $7 trillion fiscal cliff? >>> online retailers are getting a head start this season, competing for your money as well. we'll look at how facebook is joining in on the holiday fun. >>> and the drug culture of the '60s and '70s is still impacting baby boomers. some are calling it the generation's hidden crisis. we'll explain. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. washington next week with just over a month to work out a deal to avoid falling over the so-called $7 trillion fiscal cliff. it would have a combination of t defense cuts, expiration of the pay roll tax holiday, and cuts in unemployment benefits. all those things are considered. joining us now is alex. it's good to see you. >> good to see you, fredricka. >> before we get to that fiscal cliff, let's talk about one of th
a month left to reach a deal avoiding the so-called fiscal cliff. but there are new signs that lawmakers may be willing to compromise. a growing number of republicans are slowly backing away from grover norquist's anti-tax pledge. saying they're open to letting revenues rise if democrats do their part in the budget talks. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. for instance, if i were in congress in 1941, i would have signed the declaration of war against japan. we're not going to attack japan today. the world has changed, and the economic situation is different. >> so peter king is telling us, mike barnicle, not only is he going soft on taxes, he's going soft on japan. >> i know. >> it's not just peter king on the taxes. it's a big step, don't you think? >> it's a big step. >>
the table to avoid that fiscal cliff, including obamacare. automatic cuts will start january 2nd if an agreement isn't reached. he said in an op-ed, we can't afford it. and we can't afford it to leave it intact. that's why i've been clear that the law has to stay on the table as both parties discuss ways to solve our nation's massive debt challenge. >>> a special election following jesse jackson jr.'s resignation from congress. jackson says he needs to spend time, quote, restoring my health. jackson mysteriously disappeared from capitol hill in may and his office later revealed he was dealing with depression and had been diagnosed with bipolar disorder. health concerns aren't the only thing jackson is facing, though. ted rowlands is in chicago. good morning, ted. >> reporter: good morning, carol. yeah. well, the health concerns are significant. he had two stints at the mayo clinic. talking to family members, that was the main reason why he just couldn't move forward. and he gave his letter of resignation to john boehner yesterday. in that letter, though, for the first time -- thi
and certainly the discussion about the fiscal cliff in washington, d.c. >> now, just so people are clear here, the federal government will assume 93% of the costs of medicaid expansion from 2014 to 2022, that share will decline slightly after that. but this is a pretty good deal in terms of the amount of people you can get covered for the amount of money that you as a state are going to have to pay. after the decision, there was a lot of debate about basically will republican governors be that craven to turn away the money for the sake of political posturing, and a lot of people said, no, way, obviously they're going to come in line. as a person who ran cms, if you're surprised by these decisions or more or less what you're expecting. >> i'm surprised. it did take six or seven years, i think, when medicaid was first passed for all the states to sign on and we may be in some process like that. but it just doesn't make sense to leave this money on the table. these patients don't go away. a state that chooses not to participate in the medicaid expansion still has to somehow meet the needs of tho
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